The market has slowed considerably coming into the Q3, with onlya few smallertrades and the occasional bigger fish. Thereare buildings due to deliver in 2009 and 2010, but with tentativefinancing, there is little new development entering thepipeline.


A number of companies have decided to stay where they are andsimply renew their leases like Verizon inWatertown. Other companies are choosing to move outsideBoston. Beth Israel Deaconess Physician Organization LLC is leasing8,442 sf at 400 Blue Hill Dr. in Westwood, MA choosing to move fromRenaissance Park in Boston. The move brings them next to the I-95in the three-story, 100,000-sf facility.


"After reviewing various Boston and suburban options, 400 BlueHill Drive was the best solution for BIDPO," says William Lynch ofColliers Meredith & Grew, in a statement. "Due to thebuilding's close proximity to the commuter rail, the area's variousamenities as well as the proximity to the physician practicesserved by BIDPO." Lynch and SVP Kristin Blount also of ColliersMeredith & Grew represented BIDPO in this deal.

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